EUR/NZD may rise 86 - 123 pips

1.7833 is our pivot point.

Our preference

The upside prevails as long as 1.7833 is support.

Alternative scenario

Below 1.7833, expect 1.7771 and 1.7735.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7867 and 1.7869).

Supports and resistances

1.8079 **

1.8043 *

1.8006 **

1.7969

1.7883 last

1.7857

1.7833 **

1.7771 *

1.7735 **

Number of asterisks represents the strength of support and resistance levels.